Jun 072017
 

SoDo Land Purchases Locked Hansen In On Site, Created Street Vacation Requirement

One way that Hansen was able to focus his efforts in SoDo, on a tract of land that required a street vacation to construct an arena, was by buying the land for the arena and plenty of land from his neighbors.  My recent trip through the public records indicates WSA properties is paying about $786k in property tax bills each year on executed land purchases of approximately $122M in total.  Note:  This tally leaves out the Dream Girls establishment and the Mariner’s lot indicated in yellow in the picture from the King County Parcel Viewer.

SoDo land plats with Arena site circled and WSA properties/Hansen purchased land in blue, Mariner’s lot highlighted in yellow.

The current list of sites purchased by Hansen under various WSA Properties LLCs is below, proceeding counterclockwise from the highlighted Mariner’s lot.  The address and last 4 digits of the parcel number, Hansen/WSA’s purchase date, the purchase price (or currently assessed value if indicated with a ~), and the annual property tax bill for that property.

North of Arena block

1500 1st Ave S - 6430   not sold m  ~$4.3M      
1518 1st Ave S - 6440   10/2016      $25M      $82,540
1526 1st Ave S - 6445   10/2016      included  $14,490
1530 1st Ave S - 6450   not sold dg ~$3.9M
1534 1st Ave S - 6455   4/2012       $4.3M     $32,198
1548 1st Ave S - 6460   5/2012       $9.5M     $18,325
1556 1st Ave S - 6465   5/2012       included  $38,027

West Half of Arena

1700 1st Ave S - 6400   8/2012       $8M       $37,561
1714 1st Ave S - 6405   7/2012       $5.6M     $16,110
17XX 1st Ave S - 6410   7/2012       included  $32,188
1730 1st Ave S - 6415   9/2012       $1.7M     $16,110
1740 1st Ave S - 6417   4/2013       $9M       $20,132
1746 1st Ave S - 6420   4/2013       included  $20,123
1760 1st Ave S - 6425   4/2013       included  $40,242

West of 1st Ave

1757 1st Ave S - 7110   12/2012      $1.8M     $18,012
1915 1st Ave S - 7135   9/2012       $3.2M     $23,006

South of Arena (garage)

2228 Occidental - 6125  9/2016      $32M       $17,428
1900 Occidental - 6115  9/2016      included   $124,064

East Half of Arena

1750 Occidental - 6285  12/2011     $22M       $237,986

note: fixed links that were to .gov are now .com

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